The so - called millionaire's tax was enacted in 2010, during a state fiscal crunch, and it was supposed to be temporary, but has been renewed twice. (wshu.org)
The current fiscal crunch has also generated many anecdotes about scientists losing their jobs or laying off staff members. (sciencemag.org)
Ironically, the federal dollars arrived before the recession - induced fiscal crunch hit local revenues from local property taxes, as it takes a year or two, sometimes longer, for depressed property to be assessed at its new, lower value. (educationnext.org)